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As a result, the gross margin of the business is much lower than 50 percent, despite the fact that some of its popular stores could receive an average of 3,000 to 5,000 take-out orders every month.

As central SOEs took proactive measures to tackle complicated economic situations both at home and abroad by expanding global market channels and adding expenditure on research and development, their net profit jumped 8.6 percent year-on-year to 703.77 billion yuan (2 billion) in the first half of this year, data from the SASAC show.

As all advanced societies are moving toward digital transformation to improve services, save money and effort and generally changing people's life via smart ICT solutions varying from mobile payments to digital administration of entire cities, Africa and most developing states are still behind.

As a veteran in the semiconductor business, Bingham was impressed with the rapid growth of the industry in China.

As energy cooperation between China and Africa steps up, China's advanced technology in the renewables sector is more pragmatic in Africa, and there is much more potential for cooperation in the future, he said.